Our Charges

Our Charges

We, Oaktree Financial Services Limited act as intermediary (Broker) between you, the consumer, and the product provider with whom we place your business.

The background

Pursuant to provision 4.58A of the Central Bank of Ireland's September 2019 Addendum to the Consumer Protection Code, all intermediaries, must make available in their public offices, or on their website if they have one, a summary of the details of all arrangements for any fee, commission, other reward or remuneration provided to the intermediary which it has agreed with its product producers.

What is commission?

For the purpose of this document, commission is the payment earned by the intermediary for work undertaken on behalf of both the provider and the consumer. The amount of commission is generally directly related to the quantity or value of the products sold.

There are different types of commission models:

Single commission model:where payment is made to the intermediary shortly after the sale is completed and is based on a percentage of the premium paid/amount invested/amount borrowed.
Trail/Renewal commission model:Further payments at intervals are paid throughout the life span of the product.
Indemnity commissionIndemnity commission is the term used to describe a commission payment made before the commission is deemed to be 'earned'. Indemnity commission may be subject to a clawback (see below) if the consumer lapses or cancels the product before the commission is deemed to be earned.

Other forms of indemnity commission are advances of commission for future sales granted to intermediaries in order to assist with set up costs or business development.

General insurance products

General insurance products, such as motor, home, travel, health, retail or liability insurance, are typically subject to a single or standard commission model, based on the amount of premium charged for the insurance product.

Profit Share arrangements

In some cases, the intermediary may be a party to a profit-share arrangement with a product provider and will earn additional commission. Any business arranged with these product providers on a client's behalf will be placed with the product provider because that product provider is at the time of placement, the most suitable to meet the client's requirements, taking all the client's relevant information, demands and needs into account.

Life Assurance/Investments/Pension products

For Life Assurance products commission is divided into initial commission and renewal commission (related to premium), fund based or trail relating to accumulated fund.

Trail commission, bullet commission, fund based or renewal commission are all terms used for ongoing payments. Where an investment fund is being built up though an insurance-based investment product or a pension product, the increments may be based on a percentage of the value of the fund or the annual premium. For a single premium/lump sum product, the increment is generally based on the value of the fund.

Examples of products include Life Protection, Regular Premium Life Assurance Investments, Single Premium (lump sum) Insurance-based Investments, and Single Premium Pensions.

Investments

Investment firms, which fall within the scope of the S.I. 375 of European Communities (Markets in Financial Instruments) Regulations 2017 (the MiFID Regulations), offer both standard commission and commission models involving initial and trail commission. Increments may be based on a percentage of the investment management fees, or on the value of the fund.

Credit Products/Mortgages

Commission may be earned by intermediaries for arranging credit for consumers, such as mortgages. The single, or standard, commission model is the most common commission model applied to the sale of mortgage products by mortgage credit intermediaries (Mortgage Broker).

Clawback

Clawback is an obligation on the intermediary to repay unearned commission. Commission can be paid directly after a contract is concluded but is not deemed to be 'earned' until after a specified period of time. If the consumer cancels or withdraws from the financial product within the specified time, the intermediary must return commission to the product producer.

Fees

The firm may also be remunerated by fee by the product producer such as policy fee, admin fee, or in the case of investment firms, advisory fees. Include arrangements etc

Please Note

The enclosed commission guidance section gives indicative values across every product provider and every product advised whereby a commission or fee is received within our business. This is the maximum our Brokerage will take and is subject to change, in certain cases our Brokerage may take a different remuneration than the enclosed percentages/amounts. This will be disclosed to each client as per the Central Bank Consumer Protection Code regulations, on a client by client basis.

Other Fees, Administrative Costs/ Non-Monetary Benefits

The firm may also be in receipt of non-monetary benefits such as:

  • Attendance at product provider seminars
  • Assistance with Advertising/Branding

Further detail on the providers we work with, the products we sell and the maximum commissions available to us are outlined below.

Arachas Corporate Brokers


Travel Insurance

ProductInitial %
Travel25%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductInitial €Initial %
Motor Damage-10%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductInitial %
Public Liability15%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductInitial %
Caravan15%
Caravan10%
Holiday Home10%
Household15%
Mobile Home10%
Mobile Home15%

Commercial

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Commercial Combined-15%--------
Multi Risk-5%--------

Aviva Insurance Ltd.


Personal Accident Insurance

ProductInitial %
Personal Accident20%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductInitial €Initial %
Caravan-15%
Fleet Insurance-5%
Motor Contingency-15%
Motor Cycle-5%
Multi Vehicle-5%
Private Car-7.5%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductInitial %
Combined Liability10%
Combined Liability9%
Employers Liability6%
Products Liability10%
Public Liability10%
Sports Liability12%
Transit Liability12%
Transit Liability18%
Warehouse Liability10%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductInitial %
Household15%
Property Damage10%
Property Owners10%

Commercial

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
All Risks-10%--------
All Risks-15%--------
Bakery Motor Scheme-5%--------
Claims Management-10%--------
Commercial Combined-15%--------
Commercial Vehicle-10%--------
Farmers Combined-15%--------
Fire/Perils-15%--------
Glass-15%--------
I.D.A. Motor Scheme-5%--------
Milk Agents Motor-5%--------
Motor Traders-5%--------
Multi Risk-5%--------
Office Combined-15%--------
R.I.A.I. Motor Scheme-5%--------
R.I.A.I. Motor Scheme-5%--------
Shop-15%--------
Shopkeepers-15%--------
Traders Combined-15%--------

Aviva Life & Pensions Ireland DAC


Term Life Protection

A Term Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Term Protection150%25%100%100%---

Specified Illness

A Specified Illness Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Specified150%25%100%100%---

Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Savings15%1%3%-----

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRSA22.5%0.5%2%-5%3%2%1%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Fund Based %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRB5.25%1%--5%3%2%1%

Mortgage Protection

A Mortgage Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Mortgage Protection150%25%100%100%---

Income Protection

An Income Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Income Protection200%10%100%100%---

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments5.25%1%--5%3%2%1%

Defined Contributions

A Defined Contribution Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Regular Premium pension15%1%--5%3%2%1%
Single premium pension5.25%1%--5%3%2%1%

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Fund Based %Trail %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
ARF5.25%-1%5%3%2%1%

BCP


Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments3%-0.5%-----

BlackBee


Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments3%-0.5%-----

Blue Insurances Ltd


Travel Insurance

ProductInitial %
Travel15%
Travel - Unions10%
Travel - White Label20%
Travel - Wholesale30%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductInitial €Initial %
Car Hire Excess-20%
Motor Breakdown-20%

Commercial

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Wedding Insurance-20%--------

Broker Solutions


Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments3%-------

Cantor Fitzgerald


Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments3%-------

Conexim


Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments--------

Cover Centre Insurance Ltd.


Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductInitial %
Homeshield Rental15%
Kidd Holiday Home10%
Kidd Homeworker15%
Kidd Mobile Home Fixed Site10%
Kidd Touring Caravan10%

Commercial

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Apartment Landlord-15%--------
Apartment Owner Occupied-15%--------
Kidd Non-standard Construction-10%--------
Kidd Unoccupied-10%--------
Kiddsure Select-15%--------
Light Commercial Vehicle-10%--------

Finance Ireland


Mortgage Switcher

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - Switcher1%100%50%25%

Second and Subsequent Time Buyers

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - Second/subsequent Buyer1%100%50%25%

First-Time Buyer

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - First-Time Buyer1%100%50%25%

Equity Release

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - Equity Release1%100%50%25%

Friends First


Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Savings10%-4%-----

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRSA17.5%-2.5%0.25%----

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Fund Based %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRB4%-0.75%-----

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments5%0.75%------

Defined Contributions

A Defined Contribution Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Regular Premium pension25%0.75%------
Single premium pension5%--0.75%----

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Fund Based %Trail %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
ARF5%0.75%-----

Frost Insurances Ltd


Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductInitial %
Self Build Policy15%

Greenman


Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments2.5%0.5%------

Haven


Mortgage Switcher

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - Switcher1%100%50%25%

Second and Subsequent Time Buyers

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - Second/subsequent Buyer1%100%50%25%

First-Time Buyer

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - First-Time Buyer1%100%50%25%

Equity Release

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - Equity Release1%100%50%25%

ICS/dilosk


Mortgage Switcher

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - Switcher1%100%50%25%

Second and Subsequent Time Buyers

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - Second/subsequent Buyer1%100%50%25%

First-Time Buyer

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - First-Time Buyer1%100%50%25%

Equity Release

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - Equity Release1%100%50%25%

Irish Life Assurance plc


Whole of Life Protection

The Whole of Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Whole of Life100%0.15%100%100%100%100%100%

Term Life Protection

A Term Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Term Protection100%0.15%100%100%100%100%100%

Specified Illness

A Specified Illness Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Specified100%0.15%100%100%100%100%100%

Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Savings5.5%0.5%16.5%-5%3%2%1%

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRSA5%--1%5%3%2%1%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Fund Based %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRB5%0.75%--5%3%2%1%

Mortgage Protection

A Mortgage Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Mortgage Protection100%0.15%100%100%100%100%100%

Income Protection

An Income Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Income Protection120%0.06%100%100%---

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments5%--1%5%3%2%1%

Defined Contributions

A Defined Contribution Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Regular Premium pension17.5%0.5%17.5%-5%3%2%1%
Single premium pension5%0.75%------

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Fund Based %Trail %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
ARF5%1%-5%3%2%1%

ITC


Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments--------

M.I.S Ltd


Travel Insurance

ProductInitial %
Travel25%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductInitial €Initial %
MOTOR EXCESS=€15-
Motor Extra Benefits-45%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductInitial %
ROI Owner Occupied20%
ROI Residential Let25%

NewCourt


Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRSA--------

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Fund Based %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRB--------
PRB--------

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments--------

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Fund Based %Trail %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
ARF-------
ARF-------

New Ireland Assurance Company plc


Term Life Protection

A Term Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Term Protection225%50%100%100%---

Specified Illness

A Specified Illness Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Specified225%50%100%100%---

Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Savings10%--0.25%5%5%3%1%

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRSA7%0.5%--5%5%3%1%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Fund Based %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRB5%-0.5%-5%5%3%1%

Mortgage Protection

A Mortgage Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Mortgage Protection225%50%100%100%---

Income Protection

An Income Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Income Protection225%50%100%100%---

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments10%0.5%2.5%-5%3%2%1%

Defined Contributions

A Defined Contribution Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Regular Premium pension25%1%8%-5%5%3%1%
Single premium pension5%1%--5%5%3%1%

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Fund Based %Trail %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
ARF5%-1%----

PTSB


Mortgage Switcher

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - Switcher1%100%50%25%

Second and Subsequent Time Buyers

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - Second/subsequent Buyer1%100%50%25%

First-Time Buyer

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - First-Time Buyer1%100%50%25%

Equity Release

Credit intermediation with respect to Mortgages allows for an initial once off upfront commission to remunerate a Brokerage based on the advice, service and packaging of a mortgage. If a client switches or ceases to pay a Mortgage repayment with the clawback period, the Brokerage will receive a pre agreed pro rata clawback within the below timeframes.

ProductInitial %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3
Mortgage - Equity Release1%100%50%25%

Royal London Insurance DAC


Whole of Life Protection

The Whole of Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Whole of Life200%36%100%100%100%100%100%

Term Life Protection

A Term Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Term Protection200%36%100%100%100%100%100%

Specified Illness

A Specified Illness Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Specified200%36%100%100%100%100%100%

Mortgage Protection

A Mortgage Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Mortgage Protection200%36%100%100%100%100%100%

Income Protection

An Income Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Income Protection200%60%100%100%100%100%100%

Zurich Life


Whole of Life Protection

The Whole of Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Whole of Life90%18%100%100%---

Term Life Protection

A Term Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Term Protection100%12%100%100%---

Specified Illness

A Specified Illness Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Specified100%12%100%100%---

Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Savings10%0.005%1%-5%3%2%1%

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRSA15%0.5%5%-5%5%3%1%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Fund Based %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRB5%0.5%--5%5%3%1%

Mortgage Protection

A Mortgage Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Mortgage Protection140%40%100%100%---

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments5%0.5%0.5%0.5%----

Defined Contributions

A Defined Contribution Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Regular Premium pension15%0.5%3%-5%3%2%1%
Single premium pension15%0.5%------

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Fund Based %Trail %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
ARF5%-0.5%5%5%3%1%